09.11.2023 22:12:23 - dpa-AFX: Capri Holdings Ltd Q2 Profit Decreases, misses estimates
WASHINGTON (dpa-AFX) - Capri Holdings Ltd (CPRI) reported earnings for
second quarter that decreased from last year and missed the Street estimates.
The company's bottom line came in at $90 million, or $0.77 per share. This
compares with $224 million, or $1.63 per share, in last year's second quarter.
Excluding items, Capri Holdings Ltd reported adjusted earnings of $133 million
or $1.13 per share for the period.
Analysts on average had expected the company to earn $1.55 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter fell 8.5% to $1.29 billion from $1.41
billion last year.
Capri Holdings Ltd earnings at a glance (GAAP) :
-Earnings (Q2): $90 Mln. vs. $224 Mln. last year.
-EPS (Q2): $0.77 vs. $1.63 last year.
-Analyst Estimates: $1.55
-Revenue (Q2): $1.29 Bln vs. $1.41 Bln last year.
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